Quote from @Tove Fox: What are the pros and cons of each when compared?

It’s a little more work to set up, but if you get a solid property manager, it’s not as scary as it sounds.If I were you, I’d keep digging into the Capitol region, NJ, and CT—compare the numbers, and maybe even start building connections with agents or wholesalers in those areas.

Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

Based on comparable listings recently sold I think closer to $650k there would be more interest.  

A lot more important compared to newer construction homes where you don't have to deal with certain things when it comes to either of those.Many other nuances but those are just a few that come to mind.

I understand, to clarify the cash flow is not my only source of funds to purchase future deals as I am able to save a large portion of my W-2 income as well and the cash flow from the property is a very small percentage comparably.  

Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

And there's so much more I don't know yet compared to what I do know.

there are ways to get around the highest and you also need to take into account the savings you will generally have on the purchase side when compared to other regions. 

I just want to compare the real estate and stock market investment.